Casino Guichard Perrachon SA
XBER:CAJ
Casino Guichard Perrachon SA
Casino, Guichard-Perrachon SA engages in the operation of food retail outlets. The company is headquartered in Saint-Etienne, Auvergne-Rhone-Alpes and currently employs 196,307 full-time employees. The firm operates across all food and non-food formats: hypermarkets, supermarkets, convenience stores, discount stores and wholesale stores. In France, the Company operates under diversified brands such as: hypermarkets, Casino Supermarkets, Monoprix, Franprix, Leader Price, Spar, Vival, Le Petit Casino, Casino Restauration. Abroad, the Company operates in South America particularly in Brazil and Columbia. The firm is active in other sectors, such as energy where its subsidiary GreenYellow is engaged in energy production (particularly solar photovoltaic) and other energy services. In financial sector, its subsidiary Banque Casino is the retail bank that simplifies access to banking and insurance products.
Casino, Guichard-Perrachon SA engages in the operation of food retail outlets. The company is headquartered in Saint-Etienne, Auvergne-Rhone-Alpes and currently employs 196,307 full-time employees. The firm operates across all food and non-food formats: hypermarkets, supermarkets, convenience stores, discount stores and wholesale stores. In France, the Company operates under diversified brands such as: hypermarkets, Casino Supermarkets, Monoprix, Franprix, Leader Price, Spar, Vival, Le Petit Casino, Casino Restauration. Abroad, the Company operates in South America particularly in Brazil and Columbia. The firm is active in other sectors, such as energy where its subsidiary GreenYellow is engaged in energy production (particularly solar photovoltaic) and other energy services. In financial sector, its subsidiary Banque Casino is the retail bank that simplifies access to banking and insurance products.
Restructuring Progress: Casino Group highlighted significant progress in restructuring, including the sale or agreement to sell over 400 hypermarket and supermarket stores and a substantial reduction in net debt.
Ongoing Challenges: Financial results remain affected by legacy challenges, with net sales and EBITDA both declining year-on-year.
Financial Performance: Net sales for H1 2024 were EUR 4.2 billion, down 3.5% like-for-like; adjusted EBITDA fell to EUR 255 million, a EUR 79 million decline.
Debt Reduction: Net financial debt was reduced by EUR 5.1 billion year-on-year, now standing at EUR 1 billion at the end of June.
Liquidity Position: Liquidity at the end of June was EUR 1.79 billion, with comfortable debt maturities for the upcoming quarters.
Convenience Focus: The group is now focused on convenience brands and proximity retail, with ongoing commercial transformation and early positive signs.
Value Creation Plan: Management plans to unveil a new value creation plan by year-end, aiming for both economic and social value.
